The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-06
CONDITION OF THE MARKETS
With a Moderately Active Market,
Wheat Closes Firm and Higher.
Corn Quite Active and Advancing, Closing at
the Highest Figures-Provisions More or
Less Nominal Throughout the List.
MONEY, BONDS AND STOCKS.

Money Easy-stocks Generally Dali and
Close Near Lowest Prices.
NEW YORK, Oct. 5.-Money on call was
easy at 3 to per cent, the last loan being
made at per cent, and closing offered at per
cent
Prime mercantile paper, 81 SSl per cent.
Sterling exchange dull but steady at 81. 79s
for sixty dsy bills, and 81 s3a for demand.
The total sales of stocks to-day were 267, 442
shares including: Delaware, Lackawanna 81
Western, 29.O1O; Missouri Pacific, $780, North
western, 10. 1885, Northern Pacific. 1867; North
ern Pacific. preferred, $685. Reading, 80, 200;
ST. Paul, as, Cos; Western Union, &C, $50.
To-day's stock market was dull, except for
seven or eight stocks which monopolized the
greater part of the dealings and the entire inter
est in the speculation. There feversh
and unsettled market in the forenoon, when
moderate advance was brought about by the
purchase of London and the shorts but the
bears resisted the rise with vigor and later in
the day. after it became known tn at there had
been nothing done at the meeting of the direc-
tors of the Western Union, there a general
effort to realize, which depressed prices to the
lowest figures reached. The ope rations of the
day, however, show that the market has little
stock for sale at ruling prices, and advances
easily light purchases. The leading stocks
were all influenced by different causes and W est
ern Union the foremost in interest In Wall
street no doubt exists that the terms OF the deal
between the latter and the Baltimore & Ohio
have been agreed upon, and that it will be
summated at the ANIMAL meeting of the Western
Union stock holders on the 18th inst. St Paul
was the object Of "A contest between the shorts
and the bears, and very feverish through
out. Reading and the other coalers were prom
inent in the decline, but the weakest group was
the Northern Paciics. of a rupture
with the Union Pacific and trouble over the Ore
gon lease. The opening generally strong,
advances yesterdays final figures of
from to per cent. The opening prices were
the highest made, and the dealings marked
by great feverishness. with the coal stocks very
weak The Northern Pacifics passed them.
however. while Western Union remarkably
we'll held until later in the day. The market
became very dull after noon, the only
selling of Western Union. A slight rally was
brought about in the last few minutes. and final
figures were q shade better than the lowest of
the day. The close was dull and steady; closing
prices are irregular, but declines are in major
ity, and Northern Pacific preferred lost 2. Ore
gon Transcontinental II, Delaware d Hudson
IL and Kansas 81 Texas i per cent
Railroad bonds were very dull Sales S72I,-
600. The only special feature was the sharp re-
covery in Hooking Valley skies. from 90! 067.
Closing prices are generally lower. Northwest
ern new debentures lost g to 103; ST. Paul H
& ID. division sevens rose 2, to 122; Northwestern
coupon gold sevens g to 129; Denver 81 Rio
Grande Western frsts 8, to 70.
Government and State bonds were dull and
steady. The closing bids were follows: